5min/1h TrendFollowing on ESTX50, SMI, & GBL

SMI stopped out @ 58, -6 pts.

 

I am bearish in the 30mins chart,
I short every rally I see in the 5mins
until my stop in 30mins is hit.
Plain and simple. Nothng to think about.

 

ESTX50 added 2nd short @ 4005.
Also holding 1 short from 4000.

 

4012 was a good short after all...
Better than 4005 on the break.

Actually, I missed another short entry @ 07.
I am holding almost $15k in US long stock
I need to hedge...

 

Indeed good for this trade, but be cautious, averaging down can hurt.

 

grrr... it's NOT averaging down.. it's scaling in!!!

Anyway, it looks like quite a break... I wonder where
my US stocks will open...

 

You are right it is quite a break. You know I think averaging up is o.k. if you are a classic momentum player. Both is scaling in.

 

ESTX50 covered 2 @ 76, +29 + 24 = +53 pts.

 

I see strange stuff.. may be wrong, but this may
be a gigantic buying opportunity. Time will tell.

 

SMI long 1 @ 28
SMI long 1 @ 29